NEW YORK, August 3, 2026, 16:09 EDT
- The Dow finished at an all-time high of 53,178.41. The S&P 500 climbed 1.48%, and the Nasdaq advanced 2.13%.
- The Russell 2000 rose by 1.80%. On both main exchanges, stocks gaining ground outpaced those falling by better than two-to-one.
- Brent crude lost 4.75%. The yield on the 10-year Treasury slipped 5.9 basis points to 4.686%.
U.S. equities climbed late Monday as declines in oil prices and Treasury yields boosted sentiment. The Dow hit an all-time high, and the Nasdaq advanced 2.13%. Regular trading on the NYSE concluded at 4 p.m. EDT.
Investor sentiment was clearer in participation data. Both small caps and megacap growth outperformed the S&P 500. However, equal-weight large caps lagged by roughly half a percentage point.
Final closing figures indicated a pronounced split in recovery rates. All-time highs are compared to prior closing peaks.
| Index | Monday close | Day move | Versus prior closing record |
|---|---|---|---|
| Dow Jones Industrial Average | 53,178.41 | up 1.32% | up 0.23%, new high |
| S&P 500 | 7,600.49 | up 1.48% | down 0.12% |
| Nasdaq Composite | 25,913.90 | up 2.13% | down 4.36% |
The Dow surpassed its former closing peak by 0.23%. The S&P ended only 0.12% under its June high. The Nasdaq stayed 4.36% below its previous best.
Near the market close, fund data indicate Monday’s rebound was broad-based. The following figures were captured at approximately 3:52 p.m. EDT.
| Market exposure | Instrument | Near-close move |
|---|---|---|
| Megacap growth | Invesco QQQ Trust NASDAQ:QQQ | up 1.87% |
| Smaller companies | iShares Russell 2000 ETF NYSEARCA:IWM | up 1.82% |
| Capital-weighted S&P 500 | SPDR S&P 500 ETF Trust NYSEARCA:SPY | up 1.52% |
| Equal-weight S&P 500 | Invesco S&P 500 Equal Weight ETF NYSEARCA:RSP | up 0.98% |
The barbell pattern stood out. Both rate-sensitive growth stocks and smaller firms outperformed together. Nevertheless, SPY outpaced its equal-weight peer by 0.54 percentage point.
Oil triggered the broader market move. Brent slid almost 5%, and Treasury yields also pulled back. Strategist Art Hogan commented, “if that’s going lower, the market’s OK.” Reuters
Late in the session, snapshots highlighted the extent of that relief.
| Asset | Latest level | Day move |
|---|---|---|
| Brent crude | $83.75 a barrel | -4.75% |
| U.S. crude futures | $80.26 a barrel | -5.21% |
| 10-year Treasury | 4.686% | -5.9 basis points |
| Cboe Volatility Index | 15.71 | -1.75% |
Geopolitical stability continued to be uncertain. Washington indicated discussions on reopening the Strait of Hormuz. Iran rejected that any talks were ongoing or scheduled.
Market breadth continued to bolster the rally, with advancing stocks outnumbering decliners by 2.41-to-1 on the NYSE. The ratio on the Nasdaq stood at 2.92-to-1. The S&P registered 14 new highs against a single new low.
Late-session moves for four megacap stocks showed a clear split.
| Company | Price as of 3:52 p.m. | Change on the day | Market capitalization |
|---|---|---|---|
| Amazon.com NASDAQ:AMZN | $285.82 | +5.24% | $3.12 trillion |
| Meta Platforms NASDAQ:META | $592.40 | +6.41% | $1.52 trillion |
| Alphabet NASDAQ:GOOGL | $374.43 | +5.14% | $4.58 trillion |
| Apple NASDAQ:AAPL | $303.36 | -1.80% | $4.47 trillion |
Amazon reached a $3 trillion market value, underpinned by strong operations. Revenue from AWS increased by 37% to $42.2 billion last quarter. Chief Executive Andy Jassy stated, “AWS is booming.” Reuters
The overall profit results remained solid. According to data from London Stock Exchange Group LON:LSEG, earnings expanded by 29.3%. Out of 304 S&P firms reporting, 85.2% surpassed forecasts from analysts.
The S&P advanced 1% over the past week, moving back above its 50-day average on Friday. The index finished July nearly unchanged. Monday saw it recover nearly all the ground it lost since June’s peak.
Macroeconomic data now serves as the main scheduled indicator instead of oil headlines. This week’s prominent publications include: Bureau of Labor Statistics
| Date and time, ET | Release | Reporting period |
|---|---|---|
| Tuesday, August 4, 10:00 | Job Openings and Labor Turnover Survey | June |
| Wednesday, August 5, 10:00 | ISM Services PMI | July |
| Thursday, August 6, 08:30 | Productivity and Costs, preliminary | Second quarter |
| Friday, August 7, 08:30 | Employment Situation | July |
Risks persist. Iran’s rejection may halt the drop in oil prices and push yields higher. Additionally, the upcoming jobs report on Friday has the potential to shift expectations for interest rates.
The next sign for investors comes from equal-weight performance. A more robust move would indicate relief extending past the biggest leaders. If not, the rally remains broad in participation but skewed toward top performers in returns.
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